160
160
Aug 18, 2011
08/11
by
CNNW
tv
eye 160
favorite 0
quote 0
do you want to go to alison kosik or zain vergee first? zain, stay with us. alison kosik, to you. down 453 points now. we suspected this was going to happen. it's not getting any better as the minutes tick on. an hour and a half in. >> yes. >> half an hour in. 30 minutes in now. >> half an hour in. we are seeing the losses on the dow accelerate a bit. what's spooking the markets? more talk of recession. morgan stanley saying the u.s. and europe are dangerously close to another recession within the next year. morgan stanley also lowering its global growth outlook for this year and next. what's morgan stanley blaming? blaming policy mistakes. meaning lawmakers here and in europe. they didn't act fast enough to get a handle on these debt problems. losing confidence of consumers and businesses. important caveat, morgan stanley says we're close but it still does not expect a recession to happen. still that headline really grabbing investors, sending them to the exits. the dow now down 469 points. >> okay. alison kosik, still watching the numbers for us. appreciate it now. other breakin
do you want to go to alison kosik or zain vergee first? zain, stay with us. alison kosik, to you. down 453 points now. we suspected this was going to happen. it's not getting any better as the minutes tick on. an hour and a half in. >> yes. >> half an hour in. 30 minutes in now. >> half an hour in. we are seeing the losses on the dow accelerate a bit. what's spooking the markets? more talk of recession. morgan stanley saying the u.s. and europe are dangerously close to another...
261
261
tv
eye 261
favorite 0
quote 1
alison kosik, how do we define whatever it takes? >> if wall street has any say on this, you know, wall street is really looking for the fed to do something and part of the reason for this rally, not only because we saw such huge drops, is because there is an expectation, at least here on wall street, that the fed is going to ride to the rescue and do something. you know? looking to do something to help the economy that would maybe juice stocks, create that wealth effect, make everybody feel tlest richer than they were, let's say, a few days ago. because it's worked before, some say it hasn't. but because others say, you know what? more stimulus the fed may put into motion may not have much 6 an affect. others say it you have to the training wheels off and see if the economy can stay upright on its own. you know? the economy is wobbling a lot right now, and i think what wall street is looking for is for a little assistance and really looking for the fed for -- for the fed to do something or at least indicate that it's going to do som
alison kosik, how do we define whatever it takes? >> if wall street has any say on this, you know, wall street is really looking for the fed to do something and part of the reason for this rally, not only because we saw such huge drops, is because there is an expectation, at least here on wall street, that the fed is going to ride to the rescue and do something. you know? looking to do something to help the economy that would maybe juice stocks, create that wealth effect, make everybody...
206
206
tv
eye 206
favorite 0
quote 0
ali velshi, alison kosik, poppy harlow, hau. check in with you later on. >>> putting vets back to work. president obama has a plan for troops returning from iraq and afghanistan. he will unveil it this morning. we will have a preview coming up after the break. >>> also ahead, tanks and gunfire in streets of syrian city streets. we will have a live report. >>> take ago look at the big board. the dow jones industrials is up climbing steadily since the opening bell. the numbers right there. could be a good day. >>> in less than two hours president obama is laying out a plan to help the veterans to find jobs here at home coming back from iraq and afghanistan. brianna keilar, tell us about the president's upcoming announcement. what does he hope to do? >> reporter: big focus on unemployed veterans and getting them back to work. we have advance information about the plan that would include tax credits to businesses that hire veterans. incentives for the private sector to hire veterans and also more training and career counseling to so
ali velshi, alison kosik, poppy harlow, hau. check in with you later on. >>> putting vets back to work. president obama has a plan for troops returning from iraq and afghanistan. he will unveil it this morning. we will have a preview coming up after the break. >>> also ahead, tanks and gunfire in streets of syrian city streets. we will have a live report. >>> take ago look at the big board. the dow jones industrials is up climbing steadily since the opening bell. the...
240
240
Aug 10, 2011
08/11
by
CNNW
tv
eye 240
favorite 0
quote 0
alison kosik is here with tips. give us a sense of what we should be doing here, we have a lot of questions about this. what do we do with our investments, particularly those who are close to retirement? >> it's no surprise, suzanne, people are worried. according to a new cnn/orc poll, 55% of americans say the drop in the stock market affected their financial position. whether you're young or a few years away from retirement. there are important steps to take to limit the damage. matt mccall says, first, don't panic. making emotional decisions are typically the wrong ones. long-term investment choices that influence your retirement should not be based on short-term market volatility that we're seeing now. so changing your entire portfolio strategy is not a good choice. if anything, look at the widespread weakness as an opportunity to buy into solid companies at a discounted price. it's similar to walking into a saks fifth avenue with a 25% sales sign in the window, suzanne. >> it's good for long-term investors. folk
alison kosik is here with tips. give us a sense of what we should be doing here, we have a lot of questions about this. what do we do with our investments, particularly those who are close to retirement? >> it's no surprise, suzanne, people are worried. according to a new cnn/orc poll, 55% of americans say the drop in the stock market affected their financial position. whether you're young or a few years away from retirement. there are important steps to take to limit the damage. matt...
185
185
Aug 10, 2011
08/11
by
CNNW
tv
eye 185
favorite 0
quote 0
alison kosik at the new york stock exchange for us. christine, 29 minutes away. what is going to happen? >> reporter: futures are lower and alison can tell you about that. the market after a prehistoric fed decision trying to figure out what it's going to do next, what investors are going to do next. they are still blaing the risk we are in a rut or another recession. the fed's decision yesterday was to keep interest rates low through 2013. weakness in the economy and jobs and housing and spending and saying things were weaker than they thought a few months ago but saying they have a range of policy tools and that is key word we are keeping rates really, really low but if we have to do something we might be able to do it and will be able to do it and it's those words there is one of the reasons got going on the upside yesterday. but you got to be careful here. we have a lot of people talking how bad it feels in the economy and does this big stock market rout the past few days set the stage for more weakness in the economy and how weak will it get? i predict treac
alison kosik at the new york stock exchange for us. christine, 29 minutes away. what is going to happen? >> reporter: futures are lower and alison can tell you about that. the market after a prehistoric fed decision trying to figure out what it's going to do next, what investors are going to do next. they are still blaing the risk we are in a rut or another recession. the fed's decision yesterday was to keep interest rates low through 2013. weakness in the economy and jobs and housing and...
237
237
Aug 18, 2011
08/11
by
CNNW
tv
eye 237
favorite 0
quote 0
cnn's alison kosik and cnn money.com paul is joining me. alison, you first. how big are these losses and what brought on this huge sell-off, anyway? >> hey, fredericka. the losses are holding steady. the dow down about 436 points. they're off their lows of this session where we saw the dow down as much as 500 points. this is coming after morgan stanley kind of set off an alarm bell saying that the u.s. and europe are looking like they're getting close to going into a recession. morgan stanley also downgrading its growth forecast globally for this year and next. also not helping we got a bunch of economic reports here in the u.s. one on jobless claims showing a rise in jobless claims, the jobs area something that this economy really wants and needs at this point and not seeing. we also got a very weak regional manufacturing report showing contraction and a weak housing report showing sales declined about 3.5%. see what you do when you olympic all that together you get a big sell-off and that is what we're seeing right now. frederic fredericka? >> that as it lo
cnn's alison kosik and cnn money.com paul is joining me. alison, you first. how big are these losses and what brought on this huge sell-off, anyway? >> hey, fredericka. the losses are holding steady. the dow down about 436 points. they're off their lows of this session where we saw the dow down as much as 500 points. this is coming after morgan stanley kind of set off an alarm bell saying that the u.s. and europe are looking like they're getting close to going into a recession. morgan...
174
174
Aug 19, 2011
08/11
by
CNNW
tv
eye 174
favorite 0
quote 0
alison kosik at the new york stock exchange. what do you think? >> reporter: we are 30 minutes from the opening bell and the thing -- their worse levels of the morning but we are still seeing another triple digit drop on the dow. all major averages right now down more than 1%. this is just more of the same. continuation of yesterday's sell-off. we have seen circling the globe overnight. asia, europe, here, and then all the way around the bears made their trek. slow growth in the economy, a possible recession. yesterday, we heard morgan stanley come out and say the u.s. and europe are close to a recession. today, more news. deutsche bank cut its growth outlook for china and jpmorgan cut its outlook for the united states. remember, the u.s. and european countries and china are biggest economies in the world so a slow down or a recession in any of these regions we all feel it. we would all feel it globally. this is why we are seeing this kind of sell-off. check out how the dow has done so far this year. down 5% on the dow. analysts say you don't see
alison kosik at the new york stock exchange. what do you think? >> reporter: we are 30 minutes from the opening bell and the thing -- their worse levels of the morning but we are still seeing another triple digit drop on the dow. all major averages right now down more than 1%. this is just more of the same. continuation of yesterday's sell-off. we have seen circling the globe overnight. asia, europe, here, and then all the way around the bears made their trek. slow growth in the economy,...
259
259
Aug 4, 2011
08/11
by
CNNW
tv
eye 259
favorite 0
quote 0
we have ali velshi, poppy harlow, alison kosik and dan lothian now. just reset the numbers, and tell me again the last time we saw the dow down this lo. low. alison, are you with me? okay. not there. ali, last time we saw the numbers this low, 2008? >> yes, and it's not just that. it's the percentage loss you're looking at on the right side. this is accelerating. often you see a turnaround in the moments leading off to the sell-off -- >> crossed the 500 mark. >> we're down more than 500, 34.25%, and the worst is s&p 500 which has more to do with your portfolio is down more than the dow. pretty much every stock on the nasdaq 100, save for one is down, every single stock -- these indexes are combinations, baskets, basically, that's what you're seeing. this was triggered by a panic overseas based on the intervention of two central banks, the japanese central bank and european central trying to deal with italy. those two things created a panic. i've been on phone all afternoon, brooke. american companies have been reporting earnings for the last two weeks
we have ali velshi, poppy harlow, alison kosik and dan lothian now. just reset the numbers, and tell me again the last time we saw the dow down this lo. low. alison, are you with me? okay. not there. ali, last time we saw the numbers this low, 2008? >> yes, and it's not just that. it's the percentage loss you're looking at on the right side. this is accelerating. often you see a turnaround in the moments leading off to the sell-off -- >> crossed the 500 mark. >> we're down...
137
137
Aug 30, 2011
08/11
by
CNNW
tv
eye 137
favorite 0
quote 0
i'm alison kosik in new york. >>> a lot of interesting notes. those fed minutes much what was the thinking going on at the fed as the u.s. economic numbers were looking bleaker and bleaker. that will be out a few hours from now. also interesting developments on the economic front in the u.s. the president barack obama could soon have another new policy maker by his side at the white house. he's nominating as his chief economic advisor a man who had a lot to do with the cash for clunkers plan to stimulate spending in the u.s. approximate confirmed by the senate, alan krueger would return to the obama administration after standing down from a position at the treasury last year. he would replace austin goolsby who went back to teach at the university of chicago a few months ago. the member of the original economics team remains now. that's the treasury secretary, tim geithner. but, mr. obama gave the newest recruit a glowing reference. >> alan brings a wealth of experience to the job. he's one of the leading economists in the nation. for more than
i'm alison kosik in new york. >>> a lot of interesting notes. those fed minutes much what was the thinking going on at the fed as the u.s. economic numbers were looking bleaker and bleaker. that will be out a few hours from now. also interesting developments on the economic front in the u.s. the president barack obama could soon have another new policy maker by his side at the white house. he's nominating as his chief economic advisor a man who had a lot to do with the cash for...
136
136
Aug 10, 2011
08/11
by
CNNW
tv
eye 136
favorite 0
quote 0
i have alison kosik standing by and poppy harlow as well. would you believe i had a dinner conversation about qe3, quantitative easing. i don't want to get into mumbojumbo. that was one thing people were looking for the fed to do when they came out with that statement around 2:15 yesterday. if you can, explain what that is and why perhaps part of that attributes to the lacklustre numbers today. >> well, it could. you know, we're talking about the announcement that we got from the fed yesterday about 2:15 in the afternoon. the fed sets monetary policy. they're able to do quantitative easing, which means buying up a bunch of bonds, injecting economy with a stimulus. they've done it twice already in the past year. some folks were expecting they would announce they were doing it again yesterday. they did not say that, so you might have seen some market disappointment to that. but brooke, i want to reiterate there's no rationality. we saw stocks rise 429 points on the dow and the s&p 500 even more than that. we had a killer last hour of the sessi
i have alison kosik standing by and poppy harlow as well. would you believe i had a dinner conversation about qe3, quantitative easing. i don't want to get into mumbojumbo. that was one thing people were looking for the fed to do when they came out with that statement around 2:15 yesterday. if you can, explain what that is and why perhaps part of that attributes to the lacklustre numbers today. >> well, it could. you know, we're talking about the announcement that we got from the fed...
286
286
tv
eye 286
favorite 0
quote 0
alison kosik, let's start with the jobs report. break it down for us. >> we saw the reaction on wall street, we saw the dow jump as much as 172 points on that better than expected jobs report. that showed that 117,000 jobs were added last month. the unemployment rate ticked down to 9.1%, as well. and where were those jobs added? we saw jobs added in manufacturing, in health care, in hospitality, but we also saw jobs lost in government. 37,000. what you're looking at there is sort of the progression of the first half of the year of how many jobs were added. we saw more jobs added in february, march and april. you saw it trickled lower, although those were revised higher in this report that we got yesterday. and of course it's 117,000, definitely better than wall street expected. >> and a serious see saw of the numbers on the markets this morning shortly after they opened. what's happening right now? >> we're seeing more volatility. the dow is down about 58 points. we're watch of watching stocks move from gains and losses very quickl
alison kosik, let's start with the jobs report. break it down for us. >> we saw the reaction on wall street, we saw the dow jump as much as 172 points on that better than expected jobs report. that showed that 117,000 jobs were added last month. the unemployment rate ticked down to 9.1%, as well. and where were those jobs added? we saw jobs added in manufacturing, in health care, in hospitality, but we also saw jobs lost in government. 37,000. what you're looking at there is sort of the...
165
165
Aug 18, 2011
08/11
by
CNNW
tv
eye 165
favorite 0
quote 0
alison kosik in new york. >> well, the markets in the u.s. are certainly more stable than they were this time last week. that hasn't stopped investors from continuing to buy safe haven assets. that's what's driving the price of gold back up towards the record levels. just over $1,817. it hit that level seven days ago. currently, gold trading at less than $1800 an ounce. >>> hugo sha she's has announced plans to nationalize his country's gold industry. president chavez says he's preparing a decree to give the government control over gold mining. mr. chavez says this will allow authorities to stop illegal mining operations and boost venezuela's international reserves. venezuelan government figures say the country produces 11 tons of gold a year and that illegal miners extract another ten tons. venezuela is also pulling the gold reserves it keeps abroad back into the country, about $11 billion worth of venezuelan gold is deposited in banks outside the country. that move has prompted some speculation about why he wants that bullion back in caraca
alison kosik in new york. >> well, the markets in the u.s. are certainly more stable than they were this time last week. that hasn't stopped investors from continuing to buy safe haven assets. that's what's driving the price of gold back up towards the record levels. just over $1,817. it hit that level seven days ago. currently, gold trading at less than $1800 an ounce. >>> hugo sha she's has announced plans to nationalize his country's gold industry. president chavez says he's...
198
198
Aug 17, 2011
08/11
by
CNNW
tv
eye 198
favorite 0
quote 0
our alison kosik joins us again from new york with top tips. alison, there are ways you can actually ruin your chances of getting the best mortgage refi deal. >> exactly. so greg mcbride from bankrate.com says, you've got to be realistic about your home's value. the most common reason for being denied is that the appraisal comes in too low. also, if you're thinking about doing major renovations and you want to refinance, put down the hammer. mcbride says, if the appraiser sees your home in bits and pieces, they may lower the estimated value of your home. if you pass those tests, don't procrastinate. if you delay signing on the bottom line, you could end p up with a higher interest rate, which pretty much defeats the purpose of refinancing. also, many rate locks have expiration dates so give yourself a cushion of a few days in case there's a glitch before closing. finally, don't go out and open a bunch of new credit cards or credit inquiries. that could undermine your credit score and make a potential lender you're out there xrounging for credit
our alison kosik joins us again from new york with top tips. alison, there are ways you can actually ruin your chances of getting the best mortgage refi deal. >> exactly. so greg mcbride from bankrate.com says, you've got to be realistic about your home's value. the most common reason for being denied is that the appraisal comes in too low. also, if you're thinking about doing major renovations and you want to refinance, put down the hammer. mcbride says, if the appraiser sees your home...
170
170
Aug 29, 2011
08/11
by
CNNW
tv
eye 170
favorite 0
quote 0
i'm alison kosik at the new york stock exchange. traders will be hoping that july's positive momentum carries forward. employers added 117,000 jobs last month and unemployment improved to 1.9%. adp, layoff announcements and the weekly report on jobless exclaims. spending numbers out monday. june's figures came as a big disappointment to wall street. consumers saving more money than they spent. troubling. because americans need to pump that money into the economy to strengthen the recovery. this week will bring a number of readings on the health of the housing markets as well as reports on consumer confidence, construction spending and auto sales. on the earnings front, we'll hear from bookseller barnes & noble, retailer dollar general and campbell soup. at the new york stock market, i'm alison kosik. >>> turning now to china, tensions are growing between the wealthy and working class. power making the country's growth. >> now they're slowly getting pushed out of town. as beijing begins tearing down part of their neighborhoods. schoo
i'm alison kosik at the new york stock exchange. traders will be hoping that july's positive momentum carries forward. employers added 117,000 jobs last month and unemployment improved to 1.9%. adp, layoff announcements and the weekly report on jobless exclaims. spending numbers out monday. june's figures came as a big disappointment to wall street. consumers saving more money than they spent. troubling. because americans need to pump that money into the economy to strengthen the recovery. this...
118
118
Aug 23, 2011
08/11
by
CNNW
tv
eye 118
favorite 0
quote 0
alison kosik, thanks. >>> more from the cnn newsroom straight ahead. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. is best absorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. >>> stay with cnn throughout the day. we're going to continue to following what's happening. what you're looking at and we're trying to reconnect with our live signal, it's been very fluid this morning. this is actually tape of moments ago, the smoke coming from moammar gadhafi's compound. here's what we know so far. fierce fighting outside
alison kosik, thanks. >>> more from the cnn newsroom straight ahead. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is...
166
166
Aug 15, 2011
08/11
by
CNN
tv
eye 166
favorite 0
quote 0
alison kosik has ways to vent your frustration online. alison? >> the last tip is from consumer reports saying you have to think about what you are going to say off-line and wait a day before you unleash your anger on the web if you go to social media to complain. keep your complaint brief, let them know the good and the bad. and consumer reports warns businesses can sometimes sue critics for their comments even though there's little chance of overcoming a free speech defense. go to the public participation project site, but if a company resolves your complaint, go ahead and update your original post with the good news. it's once in a blue moon they actually help you out, isn't it, drew? >> seems to me, have not tried the social media, but maybe i will. >> sounds like a good outlet. >>> you have been sounding off to the "talk back" question. what does president obama need to tell middle america? carol costello is here with your responses. carol? >> i don't think the president needs to go out on the bus tour, but he needs to listen to cnn right no
alison kosik has ways to vent your frustration online. alison? >> the last tip is from consumer reports saying you have to think about what you are going to say off-line and wait a day before you unleash your anger on the web if you go to social media to complain. keep your complaint brief, let them know the good and the bad. and consumer reports warns businesses can sometimes sue critics for their comments even though there's little chance of overcoming a free speech defense. go to the...
213
213
Aug 29, 2011
08/11
by
CNNW
tv
eye 213
favorite 0
quote 0
alison kosik has top tips of filing an insurance claim. to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. got the mirrors all adjusted? you can see everything ok?... just stay off the freeways, all right? i don't want you going out on those yet. and leave your phone in your purse, i don't want you texting. >> daddy... ok! ok, here you go. be careful. >> thanks dad. >> and call me--but not while you're driving. we knew this day was coming. that's why we bought a subaru. >>> millions are still without power. after irene, the storm flooded basements and damaged a lot of homes, so >>> dnlg. >>> our cnn alison kosik has top tips, and she's in new york. we have been through this many times, and boy, filing an insurance claim can be a real pain. >> oh, yeah. >> what do folks do to st
alison kosik has top tips of filing an insurance claim. to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. got the mirrors all adjusted? you can see everything ok?... just stay off the freeways, all right? i don't want you going...
198
198
Aug 31, 2011
08/11
by
CNNW
tv
eye 198
favorite 0
quote 0
i'm alison kosik in new york. >>> how bad has this month been for the markets? let's start with the s&p, the broadest index in the u.s. down 5.75% this month. you'll remember, of course, this was as you can very clearly say there, a month of huge volatility, enormous swings. the ftse for the month down by 8.76%. basically this is all being led by the u.s. and you'll see pretty much mirror image of what happened in london after what was going on in the u.s. here in long congress, pretty similar picture as well. hong kong actually down even more, down by 9.5% in august. nina? >> andrew, still to come on "world business today," we'll get an official opinion on what the future holds for libya's oil production. getting the resource back on track will be critical to the success of the country's new government. stay with us. >>> now for a check of gold prices. they're on track to record a monthly gain of around 12% this august. let's take a look at what they're doing as you see down $1.20 at $1828 an houounce. >>> the end of the gadhafi regime in libya means the return
i'm alison kosik in new york. >>> how bad has this month been for the markets? let's start with the s&p, the broadest index in the u.s. down 5.75% this month. you'll remember, of course, this was as you can very clearly say there, a month of huge volatility, enormous swings. the ftse for the month down by 8.76%. basically this is all being led by the u.s. and you'll see pretty much mirror image of what happened in london after what was going on in the u.s. here in long congress,...
97
97
Aug 11, 2011
08/11
by
CNNW
tv
eye 97
favorite 0
quote 0
let's go to alison kosik once again. alison, it looks pretty good. talk to me about some of the drivers. >> so green and lots of it. i'll tell you what. it's a much more cheerful color on the big board, but i'm afraid to say it, but brooke, today's huge gains seem so mundane after what we've been through. >> we'll take it. >> yeah, we'll take it. what really drove the markets today were the worries subsiding about france's debt being downgraded. all three set rumors are unfounded, so they swooped in, scooped up bargains after stocks had taken such a beating. we're also seeing the markets trying to find their equilibrium at this point after such huge price swings. still, a different mood here today. there's a lot less nervousness, and we'll take it after the week we've had. brooke? >> we will take it. al alison, stand by. paul, we're looking at the dow. what about s&p and nasdaq. how did they fare? >> we had a great day for pretty much the broad stock market. the s&p 500 and nasdaq both surging as well. i would be cautious as alison. keep in mind that
let's go to alison kosik once again. alison, it looks pretty good. talk to me about some of the drivers. >> so green and lots of it. i'll tell you what. it's a much more cheerful color on the big board, but i'm afraid to say it, but brooke, today's huge gains seem so mundane after what we've been through. >> we'll take it. >> yeah, we'll take it. what really drove the markets today were the worries subsiding about france's debt being downgraded. all three set rumors are...
230
230
Aug 11, 2011
08/11
by
CNNW
tv
eye 230
favorite 0
quote 0
alison kosik was there, and she gives us this report. >> another brutal session on wall street wednesday. the down plunged 519 points closing at 10,719. the nasdaq dropped 4% and the s&p 500 fell 400. in the last six days we even seen the dow trumbull 265 points, 512 points, 630 points and 519 today. the optimism from tuesday's big rally was nowhere to be found. the investors got a chance to reexamine it yesterday about the faltering economy and one trader says the market is now trying to price in the growing chance of another recession. also feeling the volatility are the computer models that many institutional measures use to trade stocks. they're selling at different levels and that sends prices spiraling even low. er. investors are are poring into save havens like gold. they topped $1,800 an ounce for if first time. i'm confident in saying that it will continue to be volatile for a little while longer. the latest downturn started with some weak economic data and we'll get too fresh readings tomorrow with a weekly report on jobs claims and a balance. they continue with the results fro
alison kosik was there, and she gives us this report. >> another brutal session on wall street wednesday. the down plunged 519 points closing at 10,719. the nasdaq dropped 4% and the s&p 500 fell 400. in the last six days we even seen the dow trumbull 265 points, 512 points, 630 points and 519 today. the optimism from tuesday's big rally was nowhere to be found. the investors got a chance to reexamine it yesterday about the faltering economy and one trader says the market is now...
195
195
tv
eye 195
favorite 0
quote 0
alison kosik is joining us from the new york stock exchange. alison, you know, it's unbelievable when you watch what is happening here. the selling is picking up steam. does this have anything to do with the downgrade, first of all, with freddie mac and fannie mae? >> reporter: that recent low that you saw on the dow had pretty much everything to do with the fannie mae-freddie mac downgrade. we saw it down 45 points and it's now coming back. it's now down at 255. you're watching wall street react to every headline that's coming out and you saw the dow come back a little bit after the announcement that the president's going to be speaking at 1:00. the expectation is that he's going to be able to calm the markets. it's such a busy day. we had to come over to where ken works because he couldn't leave his post. thanks for talking to us. >> yeah. >> there's a lot of worry as you watch the downgrades come through. >> right. that's exactly what the market is telling you. honestly, it's not trading fundamental. it's trading as event driven. if any head
alison kosik is joining us from the new york stock exchange. alison, you know, it's unbelievable when you watch what is happening here. the selling is picking up steam. does this have anything to do with the downgrade, first of all, with freddie mac and fannie mae? >> reporter: that recent low that you saw on the dow had pretty much everything to do with the fannie mae-freddie mac downgrade. we saw it down 45 points and it's now coming back. it's now down at 255. you're watching wall...
46
46
Aug 2, 2011
08/11
by
CNNW
tv
eye 46
favorite 0
quote 0
alison kosik at the new york stock exchange and richard quest, quest means business, is live out of washington. alison, investors reacting to this deal or do they have other things on their mind right now? >> reporter: i think i got a little bit of everything right now on their minds. for one, we are going to see stocks have aer open when the opening bell rings, expect the dow to drop about 50 points. one session yesterday one analyst called it schizophrenic. the dow dropped and then ended flat. part of that movement had to do with the debt ceiling developments but that positive news was actually offset by some dismal economic data. weak manufacturing numbers. they hit stocks hard yesterday and, today, investors are mulling over more disappointing numbers, showing americans earned more in june but spent a little less. the debt ceiling stalemate parnl coming to an end at this point. even with this debt deal, this recovery, the reality is it can't go anywhere unless employers they begin hiring and that is not going to happen unless they know the country isn't in for another crisis. the big worry
alison kosik at the new york stock exchange and richard quest, quest means business, is live out of washington. alison, investors reacting to this deal or do they have other things on their mind right now? >> reporter: i think i got a little bit of everything right now on their minds. for one, we are going to see stocks have aer open when the opening bell rings, expect the dow to drop about 50 points. one session yesterday one analyst called it schizophrenic. the dow dropped and then...
167
167
Aug 11, 2011
08/11
by
CNNW
tv
eye 167
favorite 0
quote 0
i turn to our alison kosik at the new york stock exchange. it's been kind of up and down in the futures this morning. so what are we looking like for an opening here in about 27 minutes some. >> reporter: and you're right about that, because there is a lot of volatility right now and the market is not even open right now. dell futures up 100 points earlier this morning and down 100 points and now they are flat. why is the market flipping over the place? because of europe. there is more talk of a downgrade of france's debt which is currently at aaa. we have had heard this chatter since last weekend after s&p downgrade of the u.s. credit rating and now everyone really wants to know, okay, where is the next shoe going to drop? it's a valid questions since debt problems are not kvened to the u.s. as we get ready to start the day i want to show you where stocks are ready to open. dow at its lowest level since last september and every day this week moved more than 400 points during the session. it's crazy here. in less than three weeks the dow has
i turn to our alison kosik at the new york stock exchange. it's been kind of up and down in the futures this morning. so what are we looking like for an opening here in about 27 minutes some. >> reporter: and you're right about that, because there is a lot of volatility right now and the market is not even open right now. dell futures up 100 points earlier this morning and down 100 points and now they are flat. why is the market flipping over the place? because of europe. there is more...
320
320
Aug 3, 2011
08/11
by
CNNW
tv
eye 320
favorite 0
quote 0
see you in half an hour, alison kosik. if you thought all the bickering in washington was over for a while, here's a sobering reminder that it is not. thousands of federal faa employees are suddenly out of work. and the government is going to be out a cool $1 billion. why? because democrats and republicans can't agree on much of anything. up next, the fight that is leaving the fate of the faa up in the air. le. hey ! chocolate, vanilla or strawberry ? chocolate ! chocolate it is ! yeah, but i'm new, too. umm... he's new... er... than you. even kids know it's wrong to treat new friends better than old friends. at ally bank, we treat all our customers fairly, with no teaser rates and no minimum deposit to open. it's just the right thing to do. [ martin luther king jr. ] i still have a dream that one day on the red hills of georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood. i have a dream today! [ male announcer ] chevrolet is honored to celebr
see you in half an hour, alison kosik. if you thought all the bickering in washington was over for a while, here's a sobering reminder that it is not. thousands of federal faa employees are suddenly out of work. and the government is going to be out a cool $1 billion. why? because democrats and republicans can't agree on much of anything. up next, the fight that is leaving the fate of the faa up in the air. le. hey ! chocolate, vanilla or strawberry ? chocolate ! chocolate it is ! yeah, but i'm...
200
200
Aug 16, 2011
08/11
by
CNNW
tv
eye 200
favorite 0
quote 0
let's talk to alison kosik. kind of a cartoonish image of making more money, but a real option, right? >> it is a real option. what the fed calls it is quantitative easing. the fed wrapped up a second round of it called qe-2 where it pumed $600 billion of brand spanking newly printed money into the economy. one of the goals in dog this was to lower the unemployment rate. the question is, did it work? it during that time, the jobless rate fell from 9.8% to 9.2%. so in that respect it was well received on wall street because what it also did is create a wealth effect, saw it it in our 401(k)s, makes everybody feel wealthier. the s&p 500 was up, the dow j p jumped during the months it was in effect. despite what we've seen in the last couple of weeks, it's held on to most of those gains. beyond lowering the unemployment rate, it it's questioning whether pouring money into the economy actually works because what it winds up doing is devaluing the dollar. t that can lead to inflation. the rate of inflation actually r
let's talk to alison kosik. kind of a cartoonish image of making more money, but a real option, right? >> it is a real option. what the fed calls it is quantitative easing. the fed wrapped up a second round of it called qe-2 where it pumed $600 billion of brand spanking newly printed money into the economy. one of the goals in dog this was to lower the unemployment rate. the question is, did it work? it during that time, the jobless rate fell from 9.8% to 9.2%. so in that respect it was...
192
192
tv
eye 192
favorite 0
quote 0
let's bring in alison kosik. alison, the middle east markets were the first big test of world reaction. it doesn't sound like it went that great. >> no. there was a massive sell-off with the mid east markets. for israel, for one, the markets in israel, in fact, there was a 45-minute delay to the open so everybody can kind of collect their thoughts, not hit the panic button right away. but markets in israel fell more than 6%. in dubai down more than 3%. saudi arabia was actually up 0.01%, but that's actually after a drop of 5.5% in a previous session. john? >> now we're waiting for asian markets. what do we expect to go on there? and do we think we're going to see a little bit more calming? >> and you're right about that. the next we go to the asian markets, as you said. the nikkei opens at 8:00 here, and shanghai composite opens after that. some traders that i've been talking to say that's really going to be the real indicator of that reaction to the downgrade, because they actually say what you saw happened in t
let's bring in alison kosik. alison, the middle east markets were the first big test of world reaction. it doesn't sound like it went that great. >> no. there was a massive sell-off with the mid east markets. for israel, for one, the markets in israel, in fact, there was a 45-minute delay to the open so everybody can kind of collect their thoughts, not hit the panic button right away. but markets in israel fell more than 6%. in dubai down more than 3%. saudi arabia was actually up 0.01%,...
183
183
Aug 25, 2011
08/11
by
CNNW
tv
eye 183
favorite 0
quote 0
. >>> alison kosik, another most powerful woman. standing by at the new york stock exchange where investors are reading over the latest numbers on the job front right now. what do you think, how are things looking as we get ready for the opening bell here? >> reporter: hey, stock futures are looking pretty good, thanks to word that berkshire hathaway will invest $5 billion in bank of america. a nice shot in the arm for bank of america whose shares have really been hit hard. can't say the same for the jobs picture. new numbers showed weekly jobless claims rose more than expected, up to 1417,000. it's a disappointment but the labor department says the numbers are a bit stwatd because of the verizon workers on strike. >>> investors still on a bit of an edge as the central bank conference gets under way here in wyoming. the meeting is today. the fed chief, ben bernanke, his speech comes tomorrow. now, the expectations for what comes out of this are a bit more dialed back for another round of stimulus, but wall street is kind of antsy. i
. >>> alison kosik, another most powerful woman. standing by at the new york stock exchange where investors are reading over the latest numbers on the job front right now. what do you think, how are things looking as we get ready for the opening bell here? >> reporter: hey, stock futures are looking pretty good, thanks to word that berkshire hathaway will invest $5 billion in bank of america. a nice shot in the arm for bank of america whose shares have really been hit hard. can't...
235
235
Aug 19, 2011
08/11
by
CNNW
tv
eye 235
favorite 0
quote 0
it's alison kosik at the new york stock exchange. >>> almost afraid to look, but we have to find out where the shorp losses leave us. here in europe, confidence have been undermined by fears of a debt crisis spreading throughout the eurozone region. let me shoep you what's been going on over the last few months. both the london ftse and german dax are deeply negative for much of the year. a lot of the losses coming at the month of july. the ftse is the chart in yellow. as you can see, it has really fallen off since just the last two weeks of july and the early part of august. that market is down to the tune of about 15%. the dax is actually a market that up until may was performing better than the ftse. that one has had a more precipitous decline, down more than 20% so far this year. this is a market that fell in excess of 4% yesterday andrew. >> interesting. the higher they flew, the harder their fell. take a look at two of asia's stock markets, also deep in negative territory, a similar story in this part of the world. this is the nikkei 225. it's lost more than 12.5% so far this y
it's alison kosik at the new york stock exchange. >>> almost afraid to look, but we have to find out where the shorp losses leave us. here in europe, confidence have been undermined by fears of a debt crisis spreading throughout the eurozone region. let me shoep you what's been going on over the last few months. both the london ftse and german dax are deeply negative for much of the year. a lot of the losses coming at the month of july. the ftse is the chart in yellow. as you can see,...
191
191
tv
eye 191
favorite 0
quote 0
alison kosik keeping an eye on that. let's start with the middle east. what happened there, alison? >> it was rough session, joe, in the mideast. markets in israel, they plunged, their worst plunge in 11 years. if you look there, the marks were down 6%. dubai fell more than 3%. saudi arabia actually rose about 0.1%, but that's actually after it fell in the previous session about 5.5%. joe? >> how long in terms of hours do you expect to start hearing from the asian markets? >> asian markets begin trading at 8:00. they're up next. actually, futures markets, the futures for u.s. stocks opened about ten minutes ago. right now they're indicating a flat to positive open. so i'm talking about the dow, the s&p and the nasdaq. that's good news, because we are talking about how each of the these -- how each of these markets, how each of these indices feed off of each other. so this could be a good sign, at least in the short-term. but it doesn't necessarily indicate how thing will open. one of the good things to remember, though, joe is that investors here in the u.s. who are going to be trad
alison kosik keeping an eye on that. let's start with the middle east. what happened there, alison? >> it was rough session, joe, in the mideast. markets in israel, they plunged, their worst plunge in 11 years. if you look there, the marks were down 6%. dubai fell more than 3%. saudi arabia actually rose about 0.1%, but that's actually after it fell in the previous session about 5.5%. joe? >> how long in terms of hours do you expect to start hearing from the asian markets? >>...
116
116
Aug 9, 2011
08/11
by
CNNW
tv
eye 116
favorite 0
quote 0
alison kosik was at the exchange all day and has a look behind the numbers tonight. are you dizzy? >> a little bit, yes, john. it was a seesaw on top of a roller coaster and a lot of the volatility came after the fed's decision, and the traders said what you ended up seeing was a relief rally that the fed finally acknowledged that the economy is weak, but it's going to go ahead and continue to give the economy support for reinvestments from his previous investments. do you know it also says it's going to go ahead and keep interest rates near zero for another two years, that's what really got stocks going today. the bad news, of course, the central bank sharply downgrading its view of the economy for the third time this year. it said growth is considerably slower, but i don't think we needed the fed to tell us that, john. >> and on the point of the fed giving us specific dates through at least mid-2013 of keeping interest rates low, when they have the meetings they usually see for the foreseeable future. how unusual was it, you said it was reassuring for the fed to stretch out its t
alison kosik was at the exchange all day and has a look behind the numbers tonight. are you dizzy? >> a little bit, yes, john. it was a seesaw on top of a roller coaster and a lot of the volatility came after the fed's decision, and the traders said what you ended up seeing was a relief rally that the fed finally acknowledged that the economy is weak, but it's going to go ahead and continue to give the economy support for reinvestments from his previous investments. do you know it also...
209
209
tv
eye 209
favorite 0
quote 0
when it was all over the dow closed up 64 points, alison kosik rode out the day on wall street and is here now. alison, why the ups and downs? >> gosh, do you know what was happening today, john? we saw the wild swings because wall street was really riding on every headline that came out. you know, first we had that positive jobs report at the open and we saw the dow go up as much as 172 points. you know, everybody took a deep breath, thought the day was going to be great and before you knew it the dow was plunging 244 points down on unsubstantiated worries that standard & poor's would downgrade the u.s. credit rating after the closing bell. we called s&p, they had no comment on that. but then we got positive news out of europe and we saw the dow rise another 118 points after that. after the ebp said it's ready to buy up italian and spanish debt. there had been worries that no one would buy its bonds, so what you saw was a market clearly still on edge. the fear is still there. we saw that in a wild swings that we saw today on wall street, john? >> as you wrap up the week, as you look
when it was all over the dow closed up 64 points, alison kosik rode out the day on wall street and is here now. alison, why the ups and downs? >> gosh, do you know what was happening today, john? we saw the wild swings because wall street was really riding on every headline that came out. you know, first we had that positive jobs report at the open and we saw the dow go up as much as 172 points. you know, everybody took a deep breath, thought the day was going to be great and before you...
186
186
Aug 9, 2011
08/11
by
CNNW
tv
eye 186
favorite 0
quote 0
let's begin with alison kosik here at the new york stock exchange. alison, what do you think? we're seeing a glimmer of optimism here. we're still in positive territory. >> that's right. got to take what you can get, right? it's still very volatile. but at least for now that volatility is moving in the right direction. we watched the major averages open up 1% each. we call the dow pop 141 points. we're still kicking the triple digit rally. but traders say the selling wave may not be over because the fact is no one wants to be the last person at the party without a chair. until we get a clear direction on where the economy is going, traders are telling me expect to see more selling, and sitting on the seedlines. it's not about day-to-day mood swings and gyrations, it's more important just to look at the overall long-term economic fundamentals here. you have to remember, economic growth is slowing. the job market is not great. the housing market is stuck. and that's really some of the big concerns for wall street. but i do want to end on a good note here. the vix gauges the fear
let's begin with alison kosik here at the new york stock exchange. alison, what do you think? we're seeing a glimmer of optimism here. we're still in positive territory. >> that's right. got to take what you can get, right? it's still very volatile. but at least for now that volatility is moving in the right direction. we watched the major averages open up 1% each. we call the dow pop 141 points. we're still kicking the triple digit rally. but traders say the selling wave may not be over...
182
182
Aug 12, 2011
08/11
by
CNNW
tv
eye 182
favorite 0
quote 0
alison kosik is with us from the new york stock exchange. alison, we assume the people we are using are legit, and how do you know if your investment company or adviser is really the real thing? >> you should not be afraid to ask to see licenses or registrations or any credentials before investing with any company. you can go to finra.org and check on their background. and any republtable company wil let you take your time to check out their company. and the exchange commissions site says put your complaint in writing to prove that you made a complaint. you can find information at nasaa.org. >>> a reminder to vote to the choose the news winner. text "1" for returning to work after retirement. a look at how the sluggish economy is forcing seniors to take jobs late in life. text "2" for more valuable company in the world. apple and exxon fighting for the first spot, and then "2," and the preparing the greens for the next pga tournament. winning story will air within the hour. >>> top of the hour and i am suzanne malveaux. dare we say, it almos
alison kosik is with us from the new york stock exchange. alison, we assume the people we are using are legit, and how do you know if your investment company or adviser is really the real thing? >> you should not be afraid to ask to see licenses or registrations or any credentials before investing with any company. you can go to finra.org and check on their background. and any republtable company wil let you take your time to check out their company. and the exchange commissions site says...
226
226
Aug 4, 2011
08/11
by
CNNW
tv
eye 226
favorite 0
quote 0
alison kosik has tips to lower your electricity bill. you are back sooner than i thought. >> all right. here we go. let's talk about little rock, fredricka, arkansas hitting 114 degrees yesterday, and staying cool is priority number one. and heating and cooling costs account for 56% of energy in a typical home, and so the experts are saying time and time again, but you have to get a programmable thermostat. it can save you more than $100 a year, and can you check with your utility company if they offer free ones or have rebates when you buy one which cost bz $80. >> thank you so much. we are going to see a lot of you over the next few minutes, because that's the way it goes. thank you so much and appreciate that. >>> more of the day's top stories are coming up as well after this. ♪ ♪ ♪ ♪ introducing purina one beyond a new food for your cat or dog. when i got my medicare card, i realized i needed an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everythi
alison kosik has tips to lower your electricity bill. you are back sooner than i thought. >> all right. here we go. let's talk about little rock, fredricka, arkansas hitting 114 degrees yesterday, and staying cool is priority number one. and heating and cooling costs account for 56% of energy in a typical home, and so the experts are saying time and time again, but you have to get a programmable thermostat. it can save you more than $100 a year, and can you check with your utility company...
155
155
Aug 2, 2011
08/11
by
CNNW
tv
eye 155
favorite 0
quote 0
>> alison kosik live for us in new york. let's get back to our chief white house correspondent, jessica yellin. the president has an event today, he gets a deal, not exactly what he wanted, but as he's celebrating the signing, he's reminding by the economic data, that the deal might not be enough. what is the challenge, sure, the deficit is a priority, but the jobs much, much more so? >> reporter: there's no question that the jobs issue is the next focus for the white house and it's why they wanted to get this over with as quickly as possible. the problem is with this much acrimony in washington, how do you get it done? the republican agenda is to cut as much as possible and cut entitlement programs. the president is focused on investments to create jobs. the substance doesn't overlap. then you have the political acrimony on top of it. and the question is, he talks about divided governments versus dysfunctional government, at what point are we just facing dysfunctional government? >> and we go into the super committee which
>> alison kosik live for us in new york. let's get back to our chief white house correspondent, jessica yellin. the president has an event today, he gets a deal, not exactly what he wanted, but as he's celebrating the signing, he's reminding by the economic data, that the deal might not be enough. what is the challenge, sure, the deficit is a priority, but the jobs much, much more so? >> reporter: there's no question that the jobs issue is the next focus for the white house and it's...
179
179
tv
eye 179
favorite 0
quote 0
alison kosik is with us from new york. >> fear really gripped investors today and it really just didn't let go. you know, the worries are that do you know what, we could be headed for a new global recession. and also there are new worries that the euro zone debt problems could spiral out of control. what really set stuff into motion today was when the head of the ecb, that's kind of the equivalent of the federal reserve, the head of the ecb came out and said, do you know what, we're going to go ahead and pump more money into the euro zone economies to shore them up, remember greece? italy is now worried that it's going to be the next shoe to drop. it's got its own debt problem, so that is really what set stocks into motion. because if we see problems in greece and in italy, they're having debt problems of their own. that could easily certainly filter down to the u.s., because we're all interconnected. and then, of course, besides those issues, you know, we've got our own problems here at home. we have weak economic growth. we got those weak gdp figures from friday, weak manufacturing, w
alison kosik is with us from new york. >> fear really gripped investors today and it really just didn't let go. you know, the worries are that do you know what, we could be headed for a new global recession. and also there are new worries that the euro zone debt problems could spiral out of control. what really set stuff into motion today was when the head of the ecb, that's kind of the equivalent of the federal reserve, the head of the ecb came out and said, do you know what, we're going...
169
169
Aug 11, 2011
08/11
by
CNNW
tv
eye 169
favorite 0
quote 0
alison kosik at the new york stock exchange, alison, thank you. >>> now, i want to read you a quote that we wish we could hear from everybody who does research into cancer treatments. are you ready for this? quote, it worked much better than we thought it would. now it is an exciting new approach to attacking the most common form of leukemia. dock dotors at the university of pennsylvania took a certain type of white blood cell from three leukemia patients who had exhausted the conventional therapies. they inserted some genes that made the cells recognize, target and kill the cancer cells and to multiply inside the body. the good cells thus became serial killers of sorts, of the bad cells. one year later two of the patients have no detectible cancer in their bodies. the third has 70% fewer cancer cells than before. joining me here to talk about this in atlanta, to talk about all of this and what this means exactly is dr. otis breauly, the chief medical officer of the american cancer society, and from philadelphia we're also pleased to welcome to the show the lead researcher himself, dr. c
alison kosik at the new york stock exchange, alison, thank you. >>> now, i want to read you a quote that we wish we could hear from everybody who does research into cancer treatments. are you ready for this? quote, it worked much better than we thought it would. now it is an exciting new approach to attacking the most common form of leukemia. dock dotors at the university of pennsylvania took a certain type of white blood cell from three leukemia patients who had exhausted the...
98
98
Aug 2, 2011
08/11
by
CNNW
tv
eye 98
favorite 0
quote 0
joe johns is on capitol hill, alison kosik is at the new york stock cexchange and gloria borgr is in our washington bureau. let's begin with joe johns. he's at the center of the action on capitol hill. the debt deal is expected to pass. how many votes does it need and could there be any problems? >> reporter: it needs 60 votes and that is to avoid the threat of a filibuster, if you will. not clear whether anybody would employ delaying tactics on this bill which is really at the 11th hour and 59th minute almost. how because the senate is configured the way it is, you need 60 votes in order to assure passage. we've been watching the senate floor for some time and i just wanted to give you a bit of the flavor of what people are saying. we've seen a number of republicans come to the floor supporting it, a few republicans opposed. interestingly senator orrin hatch of utah who possibly could face a challenge from his right for re-election saying he won't vote for this bill because in his view it doesn't go far enough. senator david vitter of louisiana basically taking that same position, n
joe johns is on capitol hill, alison kosik is at the new york stock cexchange and gloria borgr is in our washington bureau. let's begin with joe johns. he's at the center of the action on capitol hill. the debt deal is expected to pass. how many votes does it need and could there be any problems? >> reporter: it needs 60 votes and that is to avoid the threat of a filibuster, if you will. not clear whether anybody would employ delaying tactics on this bill which is really at the 11th hour...
149
149
Aug 29, 2011
08/11
by
CNNW
tv
eye 149
favorite 0
quote 0
alison kosik, you've been crunching the numbers here and there. what do you think? how bad is it? >> it's not as bad as everyone feared yet. the numbers are still rolling in. the damage estimate friday the government is about $1.2 billion. keep in mind, this is only including wind damage. you have to realize much of the cost is actually going to come from flood damage and we don't even know how bad that is. a lot of the water hasn't even receded yet. not to mention the downed power lines. that costs money to clean up and get back up and running. factor all that in. estimates are ranging anywhere from $7 billion to $20 billion. keep in mind once again, these are early numbers, all this damage building. i'll come out with new numbers in the coming days. kyra? >> we know that lower manhattan suffered a lot of damage or good amount of damage. what about there at the new york stock exchange, opening for business? is it business as usual or what's your feel? >> it is business as usual. you would never know that a storm came through here. i don't know how it looked over the weekend. ever
alison kosik, you've been crunching the numbers here and there. what do you think? how bad is it? >> it's not as bad as everyone feared yet. the numbers are still rolling in. the damage estimate friday the government is about $1.2 billion. keep in mind, this is only including wind damage. you have to realize much of the cost is actually going to come from flood damage and we don't even know how bad that is. a lot of the water hasn't even receded yet. not to mention the downed power lines....
211
211
Aug 30, 2011
08/11
by
CNNW
tv
eye 211
favorite 0
quote 0
. >>> alison kosik at the new york stock exchange. the opening bell just a few minutes away. we had a big rally yesterday. what is in store today, alison? >> reporter: we did have a nice rally yesterday. the second time we saw the dow jump 200 points in august. opening bell expect to see the markets take a step back. look at the positive with monday's jump. all of the markets are still in the red but the dow is actually getting closer to the break even mark. we did get one economic report so far today on home prices showing that home prices had a bit of a comeback the past three months jumping 3.6% but if you compare to how home prices were back in 2010 over the same period, they are still down 6%. not really having a big impact on the opening numbers on futures right now. we are also expecting reports on consumer confidence and fed minutes as well. we will be looking at the fed minutes because the last meeting, that is when the fed put an exact date how long it would keep rates low until 2013 and could find out why the fed members disagree on doing that. we will have the num
. >>> alison kosik at the new york stock exchange. the opening bell just a few minutes away. we had a big rally yesterday. what is in store today, alison? >> reporter: we did have a nice rally yesterday. the second time we saw the dow jump 200 points in august. opening bell expect to see the markets take a step back. look at the positive with monday's jump. all of the markets are still in the red but the dow is actually getting closer to the break even mark. we did get one...
68
68
Aug 2, 2011
08/11
by
CNNW
tv
eye 68
favorite 0
quote 0
and alison kosik, let's get to you at the new york stock exchange. after seven straight days of losses, will today's expected passage help boost the u.s. markets? >> you'd think it would be but it doesn't seem likely. the major averages trading in the red. we're about 30 minutes in to the day here on wall street. investors are still anxious for the senate vote to go through and get this entire debate behind them. the main concern actually seems to be less on the debt ceiling which some are calling a side show and more on the health of overall economy because the recovery is showing signs of stalling out. so you combine last week's lackluster gdp report with yesterday's weak manufacturing numbers and throw in today's drop in consumer spending and we've for the some losses in the markets. and a lot of concern among investors. stocks don't rebound today, it will make it the eighth straight day of losses for the dow. the best hope is that wall street get as stronger than expected july jobs report on friday. that could boost sentiment because it is very p
and alison kosik, let's get to you at the new york stock exchange. after seven straight days of losses, will today's expected passage help boost the u.s. markets? >> you'd think it would be but it doesn't seem likely. the major averages trading in the red. we're about 30 minutes in to the day here on wall street. investors are still anxious for the senate vote to go through and get this entire debate behind them. the main concern actually seems to be less on the debt ceiling which some...
53
53
Aug 2, 2011
08/11
by
CNNW
tv
eye 53
favorite 0
quote 0
alison kosik joining us live from the new york stock exchange. and where do the numbers stand? >> the numbers right now trading in the negative column ahead of that senate vote on the debt deal. some weak economic numbers holding back any optimism that we could see in the markets. and if the dow doesn't rebound today, it will mark the eighth trading day in a row of losses. it's not a pretty picture right now. a lot of investors very hesitant to make any big moves in the current climate. >> thank you very much. >>> let's take a look now, a reminder that we'll have live coverage of the senate vote on the debt deal, that is expected at the top of the hour. and we'll also bring you president obama's remarks and those are scheduled for 12:15 eastern time. the debt deal calls for more than $2.4 trillion in deficit reduction over the next it temperature ten years and it sets up a special congressional commission to recommend where much of those savings should come from. wolf blitzer, tell us how the committee is supposed to work. >> six democrats, six republicans, named by the leaders
alison kosik joining us live from the new york stock exchange. and where do the numbers stand? >> the numbers right now trading in the negative column ahead of that senate vote on the debt deal. some weak economic numbers holding back any optimism that we could see in the markets. and if the dow doesn't rebound today, it will mark the eighth trading day in a row of losses. it's not a pretty picture right now. a lot of investors very hesitant to make any big moves in the current climate....
109
109
Aug 18, 2011
08/11
by
CNNW
tv
eye 109
favorite 0
quote 0
let's get right to alison kosik at the new york stock exchange. ali mepged the multitude of factors, perhaps the trigger point here. you have the european markets are down. you had this report from morgan stanley and then, you know, worrisome numbers. these reports in the u.s. and that equals fear. >> reporter: oh, yeah, it does, and fear is a big part of this selloff. you know, one trader i talked with earlier today. he said, you know what? give me a reason not to sell. all of the reasons point to selling at this point until we hear some good news, especially since we've gotten new things to worry about today, more signs of economic weak ney. we've got the jobless claims, back above $400,000. home sales are down. inflation rose. also, a closely watched index of manufacturing activity, that plunged into negative territory. that shows that manufacturing in this regional index is contracting, and one economist that we spoke with said it's never been that low without triggering a recession, and then, of course, morgan stanley warning that the u.s. an
let's get right to alison kosik at the new york stock exchange. ali mepged the multitude of factors, perhaps the trigger point here. you have the european markets are down. you had this report from morgan stanley and then, you know, worrisome numbers. these reports in the u.s. and that equals fear. >> reporter: oh, yeah, it does, and fear is a big part of this selloff. you know, one trader i talked with earlier today. he said, you know what? give me a reason not to sell. all of the...
165
165
tv
eye 165
favorite 0
quote 0
alison kosik, christine romans, richard quest. take us few the first few moments here of trading as the clock is ticking. we are about 45 seconds away to see how the u.s. markets will react. fashion that seat belt. we were expected to plunge into the triple digits. we know this because we've been watching dow futures under 200 points. a lot of emotional trading, knee-jerk reaction. this is to be expected. think about what s&p did. it's historic. we're watching history in the making as we're waiting for the opening bell in about 25 seconds. no one knows what to expect. we're also keeping our eye on the monday markets. not seeing a reaction there. we'll see the reaction here as the opening bell rings, about five seconds before the numbers start posting. get ready for that knee-jerk reaction, emotional reaction to the historic move by s&p. we are starting in the red, as we go down, as we speak. dow down 19 points as it continues to slide. kyra? >> we'll keep the numbers up. stay with us, alison. christine, today, what do you think th
alison kosik, christine romans, richard quest. take us few the first few moments here of trading as the clock is ticking. we are about 45 seconds away to see how the u.s. markets will react. fashion that seat belt. we were expected to plunge into the triple digits. we know this because we've been watching dow futures under 200 points. a lot of emotional trading, knee-jerk reaction. this is to be expected. think about what s&p did. it's historic. we're watching history in the making as we're...
178
178
Aug 9, 2011
08/11
by
CNNW
tv
eye 178
favorite 0
quote 0
alison kosik, thank you very much. when the market turns, it's easy to get caught up in all of these numbers, today we want to hear from you. your stocks, your credit cards, your mortgage, student loans, they could all be impacted by this downturn. so we want to help. send me your money questions at facebook.com/suzannecnn. or twitter @suzanne malveaux. and we're going to go to the experts to get some answers. >> at the end of the day, many americans are too busy worrying about their own credit rating to care about the aaa credit rating downgrade for the united states. we wake up every single day, and our lives aren't seeming to change, except for many of us, our situation is getting worse, as relates to jobs, foreclosures. aaa credit rating since 1917, yet we still had a great recession. hi there! that's not going to satisfy you. it's time for a better snack. here, try this. it's yoplait greek. it has two times the protein of regular yogurt. you'll feel satisfied. [ female announcer ] yoplait greek. it is so good. it'
alison kosik, thank you very much. when the market turns, it's easy to get caught up in all of these numbers, today we want to hear from you. your stocks, your credit cards, your mortgage, student loans, they could all be impacted by this downturn. so we want to help. send me your money questions at facebook.com/suzannecnn. or twitter @suzanne malveaux. and we're going to go to the experts to get some answers. >> at the end of the day, many americans are too busy worrying about their own...
195
195
Aug 19, 2011
08/11
by
CNNW
tv
eye 195
favorite 0
quote 0
. >>> and alison kosik is at the new york stock exchange with another update. alison? >> compared to yesterday, it's like the markets are taking a bit of a breather today. volatility is still king. at the hopi opening bell, the d fell and then rose. it is a headline-driven market, but we're not seeing that today because there's not much news today and no economic news is coming out. it could pick up as we get closer to the closing bell, because the worries we have still will remain today and about the weekend especially about slow growth here in the u.s. and in europe. >> what are traders saying needs to happen in order to calm things down? >> there are two big things that wall street really wants to see. they want to see something concrete come out of washington and they want to see better data on the economy, and they want to see the actual figures on, let's say gdp and manufacturing jobs improved, and standard & poor's and morgan stanley and citigroup, and the debt ceiling debate may be over but the reality is the debt issue is still a huge issue here on wall street
. >>> and alison kosik is at the new york stock exchange with another update. alison? >> compared to yesterday, it's like the markets are taking a bit of a breather today. volatility is still king. at the hopi opening bell, the d fell and then rose. it is a headline-driven market, but we're not seeing that today because there's not much news today and no economic news is coming out. it could pick up as we get closer to the closing bell, because the worries we have still will...
57
57
Aug 2, 2011
08/11
by
CNNW
tv
eye 57
favorite 0
quote 0
. >> i want to quickly go back to alison kosik, up in new york. first, update us on how the markets are reacting to all of this and then i have a follow-up question. go ahead. >> reporter: you know, as the vote was finished there and as we wait on the president to come out and speak, we watched the market fall even more. the dow down 150 points. we've got a lot more going on than just the debt ceiling. that's what wall street sees. it's put sort of the sideshow of the debt ceiling stalemate to rest at this point and wall street's looking forward, looking forward at weak manufacturing, weak gdp. gd, gdp, the broadest measure of economic growth for the u.s., is barely moving. that means it's not moving enough to create enough jobs. that's what wall street really wants to see. that's what wall street is looking at at this point. that's why we're seeing stocks fall even further right now. >> are they assuming on wall street that at some point down the road, the credit rating agencies, standard & poor's, moody's, they will simply downgrade the u.s. aaa
. >> i want to quickly go back to alison kosik, up in new york. first, update us on how the markets are reacting to all of this and then i have a follow-up question. go ahead. >> reporter: you know, as the vote was finished there and as we wait on the president to come out and speak, we watched the market fall even more. the dow down 150 points. we've got a lot more going on than just the debt ceiling. that's what wall street sees. it's put sort of the sideshow of the debt ceiling...
229
229
Aug 3, 2011
08/11
by
CNNW
tv
eye 229
favorite 0
quote 0
alison kosik is looking at the cost to your retirement. george showing how college students will take a hit. ali velshi showing the new damage and how jobs are thrown into limbo. ali, let's start with you. the markets are about to open and there's mixed reviews on the credit rating. >> yes. and moody's says it's fine with the aaa credit rating. a chinese debt agency has downgraded the united states, not an agency that most people have heard of but as you know the chinese are the biggest buyers of your u.s. debt. most big e investors in u.s. bonds will do their own research, so that's less of an issue. kiera, this is the thirst morning in a row you and i have spoken. they're supposed to have opened up and they've closed substantially low owner the day, which tells me two things. one, we're not oub cessing about the debt deal. it's a lot of mixed economic news out there. this is what the markets did yesterday. look at those? those are big percentage numbers. down 2.2%. 2.6 on the s&p 500. the dow has closed lower for eight days in a row. we'
alison kosik is looking at the cost to your retirement. george showing how college students will take a hit. ali velshi showing the new damage and how jobs are thrown into limbo. ali, let's start with you. the markets are about to open and there's mixed reviews on the credit rating. >> yes. and moody's says it's fine with the aaa credit rating. a chinese debt agency has downgraded the united states, not an agency that most people have heard of but as you know the chinese are the biggest...
40
40
Aug 2, 2011
08/11
by
CNNW
tv
eye 40
favorite 0
quote 0
i want to check in with alison kosik. depressing numbers for the eighth day in a row. doesn't look like any great bounce by any means, despite the fact the president is about to sign this increase in the debt ceiling into law. >> reporter: exactly. if the dow doesn't rally in the next few hours, we will see an eighth straight loss for the dow. it would actually be the longest losing streak since october of 2008, one month after lehman brothers collapsed. wall street knew all along a deal would be cut here. i just got off the phone with a couple traders. they tell me there's nothing in this deal that shows that it will stimulate the economy. it didn't cut spending enough and they say this is a great deal for politicians but they say not a great deal for wall street. you look at the numbers that keep coming in, these lackluster terrible numbers on manufacturing and gdp and even the numbers today on personal income and spending. reports that wall street usually wouldn't even notice but something that caught their eye was that consumer spending down for the first time in a
i want to check in with alison kosik. depressing numbers for the eighth day in a row. doesn't look like any great bounce by any means, despite the fact the president is about to sign this increase in the debt ceiling into law. >> reporter: exactly. if the dow doesn't rally in the next few hours, we will see an eighth straight loss for the dow. it would actually be the longest losing streak since october of 2008, one month after lehman brothers collapsed. wall street knew all along a deal...